Sentences with phrase «when subprime mortgage lenders»

Many consumers are good borrowers that do not fit into a perfect box so non-prime mortgage loans become very appealing when subprime mortgage lenders get the flexibility they need from the banks to loosen lending standards.

Not exact matches

From lenders to buyers to hedge funds, when it comes to the subprime mortgage crisis, everyone had blood on their hands.

While many lenders are nervous when it comes to making out a new mortgage for those with bad credit, there are many out there who understand that the average person who has found themselves with a mortgage payment that they can not pay is simply a victim of a risqué lending practice that has fortunately come to an end with stricter legislation on subprime lending being passed.

Although FHA was caught unawares by a tremendous increase in its market share when subprime lending went south, it has made important strides in monitoring mortgage lenders and enforcing FHA guidelines for underwriting mortgage loans.

Some unrestrained lenders, for example, offered infamous 2/28 adjustable - rate mortgages to entice subprime borrowers to initiate loans at low rates, only to find that they could not afford the payments when the mortgage quickly reset at a much higher rate.

Private and subprime mortgage lenders mostly use collateral like equity earned when considering a «refinance» or a more significant down - payment when talking about a «purchase money» transaction.